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Title: Democratic Presidential Hopefuls Take Aim at Housing Reform. What Does It Mean for the Capitol Region?
Citation Type: Miscellaneous
Publication Year: 2019
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Abstract: At the top of any Capitol Region constituent’s concerns is the high and increasing cost of housing. Over the past twenty years, increases in house prices have far exceeded residents’ increases in income, as Figure 1 shows. These concerns are just as elevated in the metro’s urban core — the District, Arlington and Alexandria — as they are in the suburbs and exurbs. Most analysts blame the run-up in prices on the limited increase in housing supply over the past few decades. Given the social and environmental consequences of suburban sprawl, policymakers are looking for solutions that can increase the density of housing units close to job centers and existing transportation infrastructure. In practice, this requires more apartment buildings in single-family neighborhoods with high land values: areas like northwest DC, north Arlington, and southern Montgomery County. But many homeowners in these neighborhoods -- who have built substantial wealth as housing prices have risen — have not yet been convinced that the benefits to increased density outweigh the costs, including traffic, scarcer parking and neighborhood change.
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Authors: Brooks, Leah; Denoeux, Genevieve; Schuetz, Jenny
Publisher: Center for Washington Area Studies
Data Collections: IPUMS USA
Topics: Housing and Segregation, Other
Countries: United States